GREY:SLKEF - Post by User
Comment by
millrighton Mar 10, 2008 10:20am
157 Views
Post# 14631961
RE: Playing games with the stock
RE: Playing games with the stockwailer,
You haven't been doing much TA on ISM lately. If my source has time, I'll see what unbiased insight he can offer on this evident market weakness. You could imagine what would happen if that one institution decided to bail!
The LBE financing was not a complete surprise, there has been some talk about acquiring more property. That Hart acquisition has turned into such a positive, many of the LBE supporters were hoping some more property would be added to their substantial land holdings. When you're doing something capital is required. Postponing meetings, delaying drilling and exploartion ramp up, slowness in dealing with dewatering and 43-101 shouldn't burn up much capital - just that slow drain of admin and promotion expenses. Doesn't do much for the stock price though.